Context and Objectives of the Forum
The International Sustainable Finance Forum is a unique international gathering that brings together participants from central banks, financial regulators and banking associations from across multiple continents; international financial institutions and banks, as well as international experts, donors and partners. The objective is to facilitate knowledge sharing and the development of standards, policies and guidelines on environmental and social risk management and sustainable finance for the financial sector. The International Sustainable Finance Forum represents an annual meeting of the Sustainable Banking Network (SBN), a platform of financial regulators and banking associations interested in promoting sustainable banking practices.
Governments and the private sector are exploring models that harness financial markets in support of sustainable development globally – balancing environmental and social (E&S) outcomes with sound financial returns. A number of emerging markets are adopting initiatives aimed at directing financial sector support for green, climate friendly and socially inclusive lending while addressing E&S risks of lending operations. To date, over 10 countries including Peru have issued such guidance for financial institutions and several others expect to launch similar guidance. Each country has adopted an approach that fits local needs and priorities.
The theme for this year’s Forum, the fourth since its inception, is “Sustainable Finance – A New Growth Model”. It will examine key trends, including:
- The latest development in sustainable finance policy, practices and innovation
- The business case for sustainable finance
- Monitoring, evaluation and incentive mechanisms
- Greening the financial sector – mobilizing capital markets, institutional investors, pension funds, and insurance companies to invest in “green” assets.
The forum is jointly hosted by the Superintendency of Banking, Insurance and Private Pension Fund Administrators of Peru (SBS) and the International Finance Corporation (IFC), a member of the World Bank Group. The event is part of the "Road to Lima" initiative which includes a series of high-profile events organized by the Government of Peru, the World Bank Group, and the International Monetary Fund leading up to the 2015 Annual Meetings of the World Bank and the International Monetary Fund taking place in Lima in October 2015. The "Road to Lima" represents a dialogue between policy makers, academics, representatives of the civil society and private sector on matters of global economy, stability financial and development.
You can find more information about this initiative in the following links: https://roadtolima.worldbank.org and www.2015lima.gob.pe.